A Chinese embedded insurance strategy

Cango , a Chinese provider of an automotive transaction service platform to dealers, has launched its Cango Haoche mobile app.

The company, which was founded in 2010, is growing into a one-stop automobile transaction services platform for dealers. In addition to its original services such as online car search, vehicle source listing, and model search, it offers dependable vehicle sources, warehousing, and logistics services to support financial and insurance services. The software also allows registered dealers to view inventory status in real time for proprietary automobiles. Finally, there is an option for online payment.

Going forward, Cango will focus on building its end-to-end closed service loop via platform services covering vehicle sources, finance, insurance, warehousing, logistics, and supply chain finance.